Recent research carried out by Liverpool Victoria (LV=) has found that over a million Britons aged 50 plus plan to take advantage of the rising value of their property to help fund their retirement.
LV says that some 12% of over 50s have opted to save less for their retirement; banking on the value of their home continuing to rise so that they can cash in on the profit.
Vanessa Owen of LV said in a statement that proves there is confidence in the value of equity release: ‘In a matter of months millions of pre-retirees have seen both their property and pension fund values battered. Despite this, their confidence in the long-term value of bricks and mortar remains.’
Equity release is steadily growing in popularity as a retirement solution and many pensioners are sitting on large amounts of property cash that they could safely release to help fund a more enjoyable lifestyle.
Geoff Charles of award winning Equity Release Specialists Bower agrees with the findings of the LV research, saying ‘Releasing cash from a property is becoming an increasingly popular way of helping homeowners fund their retirement.’
Bower is an FCA regulated independent financial advice company that offers specialist advice on equity release throughout the south of England. For more information e-mail [email protected] or call [tel]. Bower offers a free, no obligation initial consultation to homeowners considering Equity Release.